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The Senate Commerce Committee advanced legislation Wednesday to toughen restrictions on Chinese automakers, though sponsors warn the bill could unintentionally bar Mercedes-Benz from the U.S. market.
China’s Geely will manufacture electric vehicles at Ford’s Valencia, Spain facility through a new joint venture, with production beginning in 2028 under a 66%-34% ownership split.
Houthi militia threats to Saudi oil exports through the Bab al-Mandab strait pushed Brent crude above $100 a barrel, raising concerns about further price increases amid broader Middle East tensions.
Trump’s latest tariffs reduce EU duties to 10% while maintaining UK rates unchanged, putting British businesses at a disadvantage in unspecified sectors despite equivalent headline rates, experts say.
Production at Britain’s largest undeveloped oil and gasfield faces delays following equipment accidentally dropped in the North Sea, pushing potential output into 2027.
Primark announced price cuts on hundreds of clothing items as it faces intensifying competition from Chinese online retailers Shein and Temu, which offer significantly cheaper alternatives to traditional fast-fashion stores.
Text messages shown at a hearing reveal a 14-year-old accused murder victim had multiple abortions, prosecutors say, in a case against singer D4vd who faces charges including murder and sexual abuse of a minor.
President Trump attended a rescheduled White House Correspondents’ Association dinner, delivering a speech that mixed lighter moments with criticism of the media as “fake news” and accusations of “Trump Derangement Syndrome.”
Iran accused Ukraine of attacking a commercial vessel in the Caspian Sea on Saturday, killing one sailor and injuring another, summoning Kyiv’s envoy to protest the incident.
Israeli police arrested nine people at a Tel Aviv demonstration organized by left-wing groups protesting settler violence in the occupied West Bank on Saturday.